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TMCFGRNZM: Breakout Could Fuel Bullish MomentumNCDEX TMCFGRNZM is showing signs of potential growth, but the increase so far hasn't been significant. According to Elliott Wave analysis, the price has formed an impulsive pattern, with wave (c) of wave ((4)) reaching a level of 13,000 . The price is currently in the final wave ((5)) of the impulsive cycle. For this to confirm the impulsive movement, the price needs to break above the level of wave (B), which is at 16,590. A strong resistance is expected at wave B, and if the price breaks through this level, it could boost the bullish momentum, leading to a new high. However, without this confirmation, the price may not be suitable for long-term investment and could remain in a corrective phase. We will update further information soon.
NCDEX:TMCFGRNZM1!
by forextidings
1
NSE Bajaj Finserv - Can buyers face falling knives? Timeframe: 8h Price started to form impulsive wave C after Bajaj Finserv completed correction wave B. There is also the possibility of altering the count with W-X-Y. Wave (b) retraced 50% of wave (a), which signals intense supply pressure. If the price breaks wave (a) at 1621, traders can sell for the following targets: 1594 – 1569 – 1549 . Calculations are based on Fibonacci extensions. Price has completed 100% Fibonacci extension in wave A so that wave C could extend by 161.8% . Currently, the price has broken down to 50 EMA , and a negative closing will result in further price declines. Parallel channel throw-over is one of Elliott wave principle’s best target measurement tools. Targets will be extended in case of an extension of the trend. I will update further information soon.
NSE:BAJAJFINSV
by forextidings
5
IS NIFTY PREPARING FOR 14800?Nifty is forming in a descending parallel channel. Prices are building corrective pullbacks to manage demand pressure and fall from resistance since the start of the correction. Nifty has created a lower low at 15183 and given an upward move of 15927 . Nifty has faced supply pressure on the upper band three times. It indicates that bulls are not exceeding supply pressure and upper band. As bulls give up, bears enter and drive prices to lower levels. 16200 is strong resistance for bulls and the supply zone of the parallel channel. If the price sustains below 16200 , traders can expect the following targets: 15740 – 15326 – 14870 . We can expect a fake-out of the parallel channel.
NSE:NIFTY
by forextidings
15
AXIS BANK: Peculiar Reversion Or Trend continuation?Axis bank has been in the consolidation phase for more than 15 months. Prices fall rapidly after the crossover of 50 & 200 EMA . We can draw two control lines which can be helpful for target measurement. If the price enters into the parallel channel, and after retracement sustains above 680 , traders can trade for the following target of 692 - 714 - 752 . Demand pressure can lead to the price at the upper band of the parallel channel. Failure of sustainability above 680 may lead to a new low. Let market earmark first before you commit to the market.
NSE:AXISBANK
by forextidings
2
Pokarna Stock Is A Money-Making MachinePokarna has completed its impulsive wave c of the corrective wave ((4)). Wave C has traveled 100% Fibonacci extension of wave A at 548 . Currently, the price has broken down the A wave at 585. If it sustains below 585 , traders can expect the following targets: 558 - 536 - 505 . 505 is strong support because corrective wave 4 accomplish near the corrective wave 4 of a lower degree. If the bull fails to keep the price above this level, we can see a big downfall. Otherwise, the price will touch the control line and then the upper band of the descending channel . I will update further information soon.
NSE:POKARNA
by forextidings
Elliott wave projection: JSW Steel Trend AnalysisJSW Energy has been forming a downward channel for 22 weeks, and Elliott's projection illustrates the formation of a corrective structure. Traders can short for the following targets: 289- 278 - 262 The corrective pattern started unfolding after a high of 408. Let's discuss wave formations and the Fibonacci relationship of correction. Wave ((A)) is an impulse pattern and retraced 78.6% of wave 5. Wave ((B)) is a double zigzag and retraced 61.8% of wave ((A)). Wave ((C)) is unfolding its pattern, and it has broken down the descending channel of wave ((B)), which indicates that wave impulsive wave has started.
NSE:JSWENERGY
by forextidings
2
AB CAPITAL Has Completed An 8-Month-Old Correction.According to the Elliott wave principle, AB capital has finished the corrective wave ((iv)). Price carrying on the impulsive wave (v), yet traders shouldn’t take the position without a proper signal. If the price breaks wave (X) , the price will surely make a new high because it will give evidence of the impulsive move. Price may take retracement as wave x works as a resistance which can be the best entry for bull traders. We can see the following targets: 127.70 138.96 151.2 165.9+ Invalidation: breakout of the minor channel.
NSE:ABCAPITAL
by forextidings
8
Nifty Update: The Case Of Initiative And Response Between Bulls Nifty has completed the law of similar action. It has broken the corrective channels and touched the lower band at 16892. Price has faced support on the lower band and responded with demand by touching the upper band. At this time, the price is out of the downtrend channel. In my previous idea, I have mentioned that if the price can't break the pivot point, there are high chances of price excess. Our nearest lower high (LH) is 17403 , which may react as a resistance. In a nutshell, if nifty breaks the pivot at 17621 , there are higher chances of the trend changing. Before reaching the pivot point, it has to break the resistance line. Failure will be the cause of excess.
NSE:NIFTY
by forextidings
8
XAUUSD SUPPORT AND RESISTANCE LEVELS 26-07-2022FOREX GOLD XAUUSD SUPPORT AND RESISTANCE LEVELS || 26/07/2022 GOLD SIGNALS FOREX LEVELS TODAY TODAY GOLD LEVELS BUY SELL GOLD #forex #gold #xauusd #xauusdsignals #technicalanalysis Mercury Technicals is not an investment advisory service, or a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities customers should buy or sell for themselves. warning: Note! The Analysis video shared here are for educational/informational purposes only.
OANDA:XAUUSD
by Ravi_forexTrader
XAUUSD GOLD SUPPORT AND RESISTANCE LEVELS 25-07-2022FOREX GOLD XAUUSD SUPPORT AND RESISTANCE LEVELS || 25/07/2022 GOLD SIGNALS FOREX LEVELS TODAY TODAY GOLD LEVELS BUY SELL GOLD #forex #gold #technicals Mercury Technicals is not an investment advisory service, or a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities customers should buy or sell for themselves. warning: Note! The Analysis video shared here are for educational/informational purposes only.
OANDA:XAUUSD
by Ravi_forexTrader
FOREX TRADING STRATEGYTF 30 min SIGNAL 200 ema break USE price action as well PIVOTS Fibonacci KEEP RR - 1:4 🎯 win rate - 70% # note : wait for the pullback. If the candle is big enough... then no need to wait for pullback. # keep SL a little above the entry candle # the price respects the weekly fib pivots # check for the overall trend on bigger tf - 1D , 4hrs # avoid weak momentum trades , cuts in the range of 100 to -100 are good # narrow weekly CPR act as good support n resistance # cpr above 200 ema - SELL PROBABILITY # cpr below 200 ema - BUY PROBABILITY # cpr alongside 200 ema - SIDEWAYS TREND
Short
by rforraj
gold xauusd support and resistance levels 22-7-2022FOREX GOLD XAUUSD SUPPORT AND RESISTANCE LEVELS || 22/07/2022 GOLD SIGNALS FOREX LEVELS TODAY TODAY GOLD LEVELS BUY SELL GOLD #forex #gold #xauusd #xauusdsignals #technicalanalysis Mercury Technicals is not an investment advisory service, or a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities customers should buy or sell for themselves. warning: Note! The Analysis video shared here are for educational/informational purposes only.
OANDA:XAUUSD
by Ravi_forexTrader
FOREXTAMIL AUDCAD SELL ENTRY 0.96788Signal Specification: Pair: AUDCAD Order: SELL Entry : 0.96788 Take Profit : 0.96577 Stop loss : 0.96954 Risk Vs Reward: 1.27 Our Unique Features: 1. Follow our continuous 15 signals ….Your capital increased upto 10% in your equity surely. 2. We are not TP1, TP2, TP3.. 3. We are not Trailing stop! or average the trades. 4. 2% Risk Management Per trade. 5. Risk vs Reward upto 1:7. Note: Trade signals would usually have a risk to reward ratio of 1:2. This means that even if just 2 out of 4 signals hits their SL marks, the other two that would have closed profitably would allow you be in good overall pips profit. Signals are usually inter-day (Based on the daily candle) therefore, trades would usually have a holding time of an average minimum of 24 hours. Note: Everything works with Best money management. Note: Please leave comments for any query. Disclaimer: This is my trading experience, it is not an invite or recommendation to trade. Best Forextamil
by Tradingwithtamil
forex and gold forecast for this week 1/09/2024 to 6/09/2024 Hey there! It sounds like you’re ready to dive into the markets next week. Here are some key points to consider for your trading strategy: Gold (XAU/USD) Trend: Gold is in a consolidative phase around $2,500. Watch for a breakout above $2,532 for potential bullish momentum. Support/Resistance: Key support at $2,470 and resistance at $2,532. A break above $2,532 could target $2,550 and $2,600. Factors: Keep an eye on US PCE inflation data and geopolitical tensions, especially between Russia and Ukraine. Forex (USD) US Dollar: The USD might face bearish pressure. Focus on employment data and Federal Reserve decisions. Key Influences: Potential Fed rate cuts and economic data like retail sales and employment figures will be crucial. Trading Direction Gold: If gold breaks above $2,532, consider long positions. If it falls below $2,470, short positions might be favorable. USD: With bearish pressure, look for opportunities to short the USD against stronger currencies.
CAPITALCOM:GOLD
by JORTOW
1